Energy Update
MOSCOW, March 3 (Reuters) - Russia's largest oil producer Rosneft said on Thursday the Vankor-Purpe oil pipeline, a link for delivering crude to China, was damaged after a power failure and that the company would need about 24 hours to repair it.
LONDON, March 3 (Reuters) - U.S. exports of distillate fuel oil have been basically flat since 2013, ending years of strong growth, as U.S.
Platts senior news editors discuss how the oil industry is adapting following a Q4 2015 earnings season in which oil companies took another severe hit from low oil and gas prices.
WASHINGTON, March 3 (Reuters) - The U.S. Supreme Court sided with the Obama administration on Thursday in rebuffing a bid by 20 states to halt an Environmental Protection Agency rule to curb emissions of mercury and other toxic pollutants from power plants.
BRASILIA, March 3 (Reuters) - Brazil's economy contracted sharply in 2015 as businesses slashed investment plans and laid off more than 1.5 million workers, official data showed on Thursday, setting the stage for what could be the country's deepest recession on record.
BRASILIA, March 3 (Reuters) - Brazilian ruling party Senator Delcido do Amaral, arrested in November on obstruction of justice charges, has agreed to a plea bargain implicating President Dilma Rousseff and ex-President Luiz Inacio Lula da Silva in the Petrobras graft scandal, local media reported on Thursday.
Interior Secretary Sally Jewell appeared before the House Committee on Natural Resources on March 1 to discuss President Obama’s $13.4bn Interior Department budget proposal for FY 2017.
ALGIERS, March 3 (Reuters) - Algeria's state energy company Sonatrach has awarded Japanese firm GJC a $339 million contract to help increase production at its largest oilfield in Hassi Messaoud, according to an internal Sonatrach document seen by Reuters on Thursday.
U.S. Senator Edward J. Markey plans to introduce legislation “soon” to extend a federal tax credit that will spur wind farm development in coastal waters.
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